Difference between revisions of "Mississippi 529 plan archive"

From Bogleheads
Jump to: navigation, search
(Created.)
 
(No difference)

Latest revision as of 20:41, 6 November 2017

The Mississippi 529 plan archive page provides information on direct-sold 529 plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.

  • Open to Residents
  • Open to non-residents
Mississippi 529 Plan
Program match on contributions: none
State tax deduction or credit for contributions: Contributions to a Mississippi MACS 529 savings plan of up to $10,000 per year for an individual taxpayer, and $20,000 per year for married taxpayers filing jointly, are deductible in computing Mississippi taxable income. Contribution deadline is April 15 of the following year.
State tax recapture provisions: The principal portion of nonqualified withdrawals from this plan are included in Mississippi taxable income to the extent of prior Mississippi tax deductions. Rollovers apparently are not subject to recapture.
Age-based investment options: The Managed Allocation Option contains six portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age and later reassigned to more conservative portfolios as the beneficiary approaches college age.
Static investment options: Diversified Equity Option, Fixed Income Option and the Guaranteed Option.
Expenses: 0.65% - 0.72%; None for the Guaranteed Option.
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.

Investment options

Age-based option

The Mississippi 529 savings plan utilizes the age-based portfolios listed below. These portfolios are primarily indexed, with the exception of the following funds:

  • Real Estate Securities
  • Inflation-Linked Bond
  • Short Term Bond
  • Money Market


Age-Based Index Portfolios
TIAA-CREF Underlying Funds
Funds
MissAge0-4.jpg MissAge5-8.jpg MissAge9-10.jpg;
  • Large-Cap Growth Index
  • Large-Cap Value Index
  • Small-Cap Blend Index
  • Emerging Markets Equity Index
  • International Equity Index
  • Real Estate Securities
  • Bond Index
  • Inflation-Linked Bond
  • Short Term Bond
  • Money Market
MissAge11-12.jpg MissAge13-14.jpg ;MissAge15.jpg
MissAge16.jpg MissAge17.jpg MissAge18plus.jpg


Static

The Mississippi 529 savings plan utilizes the static multi-fund portfolios listed below.

Static Multi-fund portfolios
TIAA-CREF funds
Diversified Equity Option
(ER 0.72%)
Fixed Income Option
(ER 0.69%)
TIAA Guaranteed Option
  • Large-Cap Growth Index (27.60%)
  • Large-Cap Value Index (27.60%)
  • Small-Cap Equity Index (4.80%)
  • Real Estate Securities (10.00%)
  • International Equity (13.33%)
  • International Equity Index (11.67%)
  • Emerging Markets Equity Index (5.00%)
  • Bond Index (70%)
  • Inflation-Linked Bond (20%)
  • High-Yield (10%)
  • TIAA Guaranteed Option


External links